The South African government has put tax cuts and increased social spending at the centre of its latest budget. Aiming…
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Brazil approves bankruptcy reform
A major reform of Brazil’s bankruptcy laws has been approved by the country’s Congress, in a move which it is…
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Two Nigerian banks set to merge
Nigerian banks United Bank of Africa and Standard Trust Bank have agreed plans to merge and create the biggest bank…
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UK economy ends year with spurt
The UK economy grew by an estimated 3.1% in 2004 after accelerating in the last quarter of the year, says…
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Bank holds interest rate at 4.75%
The Bank of England has left interest rates on hold again at 4.75%, in a widely-predicted move. Rates went up…
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UK homes hit £3.3 trillion total
The value of the UK’s housing stock reached the £3.3 trillion mark in 2004 – triple the value 10 years…
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House prices rebound says Halifax
UK house prices increased by 1.1% in December, the first monthly rise since September, the Halifax has said. The UK’s…
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Tokyo says deflation ‘controlled’
The Japanese government has forecast that the country’s economic growth will slow to 1.6% in the next fiscal year starting…
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India’s Maruti sees profits jump
India’s biggest carmaker Maruti has reported a sharp increase in quarterly profit after a booming economy and low interest rates…
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South African car demand surges
Car manufacturers with plants in South Africa, including BMW, General Motors, Toyota and Volkswagen, have seen a surge in demand…
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